IFNNY Infineon Technologies AG (QX)

   By Mauro Orru 
 

Infineon Technologies isn't expecting a major impact from China's decision to set export restrictions on gallium and germanium, critical metals to the production of semiconductors.

"Currently, we do not see any major impact on material supplies which would disrupt our manufacturing capabilities," a spokeswoman for the German chip maker told The Wall Street Journal on Tuesday.

The two metals and more than three dozen related materials will be subject to unspecified export controls starting Aug. 1, Beijing's Ministry of Commerce said Monday.

"Infineon follows a multi-sourcing strategy to include suppliers in different geographies," the spokeswoman said. "Generally, Infineon's procurement team, which is responsible for securing raw material supplies, is continuously monitoring developments."

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

July 04, 2023 07:13 ET (11:13 GMT)

Infineon Technologies (QX) (USOTC:IFNNY)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Infineon Technologies (QX) (USOTC:IFNNY)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024